Carlyle signed a binding agreement for acquiring Italian gas field Cassiopea from British Energean for an enterprise value of 945 million US Dollars (see here a previous post by BeBeez). Energean will invest the raised proceeds in repaying a 450 million bond and pay a special dividend of 200 million.
Italian luxury sneakers maker Golden Goose Group, a portfolio company of Permira and Carlyle, called off the IPO that previously scheduled for 21 June, Friday, for market volatility (see here a previous post by BeBeez). The listing of a 25% of the company was reportedly worth one billion euros on the ground of an enterprise value in the region of 3 billion.
Global IT and strategic consulting firm Accenture acquired Fibermind, a provider of ultrabroadband (UBB) solutions that is part of CVC and CDP Equity portfolio company Maticmind (see here a previous post by BeBeez). Andrea Targa is the coo of the target which has sales of 40.2 million euros, an ebitda of 9.1 million and net cash of 4.1 million. Roberto Pagella heads Accenture Operations in Italy. In 2022, CVC, CDP Equity (15%) and chairman Carmine Saladino (15%) purchased Fibermind from Fondo Italiano d’Investimento Consolidamento e Crescita (FICC) and Red Fish Long Term Capital, an investment holding that Paolo Pescetto created.
Aquanexa, a provider of solutions for the water sector that Algebris Investments‘ vehicle Algebris Green Transition Fund launched earlier in February, acquired 60% of Italian competitor IDEA (see here a previous post by BeBeez). Algebris retained New Deal Advisors and Grimaldi Alliance while Simmons & Simmons assisted IDEA which has sales of 32 million euros and a reported ebitda in the region of 3.2 million.
Ontario Teachers’ Pension Plan (OTPP) sold a 3.6% of Milan-listed cosmetics company Intercos through an accelerated bookbuilding (ABB) procedure (see here a previous post by BeBeez). OTPP fetched 98.8 million euros and now ons 3.2% of the company. Intercos has a market capitalization of 1.54 billion. BNP Paribas, Jefferies International Limited, UBS Investment Bank, Rothschild & Co, and BonelliErede advised for the transaction. OTPP signed for a lock-up agreement of 60 days starting from 25 June, Tuesday.
Xtribe, a London-based digital marketplace that belongs to Kobo Funds, could list on Nasdaq (see here a previous post by BeBeez). Enrico Dal Monte (ceo) and Mattia Sistigu (coo) founded the company that earlier in May signed a business combination agreement with the US Spac WinVest Acquisition Corp on the ground of an equity value of 141 million US Dollars, a pro-forma equity value of 161 million and a pro-forma enterprise value of 147 million. Manish Jhunjhunwala is the ceo of WinVest, which raised 115 million in 2021. Xtribe retained Cozen O’Connor (legal) and Chardan Capital Markets (financial advisor) while Kobo Funds appointed Polytems HIR as leading advisor. After the closing, the shareholders of Xtribe will acquire the majority of the post-merger firm and appoint the majority of the directors while Dal Monte will keep his ceo role.
Bregal Unternehmerkapital (Bu) will acquire 53.34% of Relatech, a Milan-listed provider of digital solutions, at 2,53 euros per share ahead of a delisting (see here a previous post by BeBeez). Relatech’s ceo and majority owner Pasquale Lambardi will reinvest for a minority. He retaines Ethica Group, Gatti Pavesi Bianchi Ludovici and Advest Tax Legal Corporate. Relatech has sales of 91 million euros, an adjusted ebitda of 16.1 million and a net debt of 21.9 million.
Fidim, an investment vehicle of the Rovati Family, acquired a 12.5% of Gruppo Barletta, an Italian hotel group, after having subscribed a 95 million euros capital increase (see here a previous post by BeBeez). The company will invest such resources in consolidating its presence in the luxury tourism segment.
Loca Top, an Italian company for cranes rental, sold to Italian competitor Venpa, part of GV3 (see here a previous post by BeBeez). Sources said to BeBeez that Venpa retained Essentia Advisory for negotiating and receiving a mid-term financing facility of 30 million euros from Banco BPM, Crédit Agricole, and Intesa SanPaolo. GV3 belongs to the Pege and Piovan families and to club deal platform QCapital (42.5%). Credem Euromobiliare Private Banking, PedersoliGattai and BDO assisted Venpa. Studio MML advised LocaTop which has sales of 25 million euros and an ebitda of 10 million. Carlo Cazzola will keep his role as Loca Top ceo.
Alcedo and Fondazione E. Amaldi created a focus group for the space economy sector for supporting the Italian SMEs that aim to invest in the sector (see here a previous post by BeBeez).
DGS, an Italian IT company that ICG is reportedly acquiring from HIG Capital, purchased Ariadne Group (see here a previous post by BeBeez). HIG and DGS retained Spada Partners and Eversheds Sutherland. Ariadne hired EQUITA Mid Cap Advisory – Clairfield International and PedersoliGattai. The target has sales in the region of 6 million euros, an ebitda of 0.771 million and a net financial debt of 0.843 million. Marcello Ricotti, Marcello Torriani and Giuseppe De Donno are the founders of Ariadne. Vincenzo Fiengo and Salvatore Frosina are the co-ceos of DGS and will reinvest in the company with ICG.
Soplaya, an Italian marketplace for the HoReCa and food sector, attracted the resources of Riello Investimenti, Finint Investments, Kostanza Investments, and Profoods (see here a previous post by BeBeez). Soplaya has sales of 7.5 million euros, an ebitda of minus 3.6 million and equity of 7.7 million.
Chabè, a provider of luxury transportation services that belongs to Essling Capital since 2020, acquired 80% of Palazzi Agency, an Italian competitor, from the eponymous family that will keep a 20% and reinvest in the buyer (see here a previous post by BeBeez). Ughi e Nunziante advised the buyer while BonelliErede assisted Palazzi Agency which has sales of 21.8 million euros, an ebitda of minus 0.193 million and equity of 3.4 million.
IMCD Italia, a subsidiary of Amsterdam-listed IMCD, acquired italian pharmaceutical distributor Selechimica (see here a previous post by BeBeez). The closing may take place by the end of June 2024. Orsingher Ortu – Avvocati Associati assisted the buyers. Luca Pesce sold Selechimica which has sales in the region of 5 million euros, an ebitda of 0.7 million and debts of 1.1 million. Valerie Diele-Braun is the ceo of IMCD which has an operative ebitda of 127 million.
F&P Equity Partners, a private equity and club deal firm that Guglielmo Fiocchi, Maurizio Perroni and Andrea Lovato founded in 2023 with RTZ, supported the portfolio lightingh design company Panzeri Carlo for acquiring the majority of Luxxbox, an US competitor (see here a previous post by BeBeez). Jason Bird, the target’s owner, reinvested for a 22.4%. Panzeri Carlo retained PedersoliGattai, Miller & Martin and Carr, Riggs & Ingram. Panzeri has sales of 12 million euros, an ebitda of 2.9 million and a net financial debt in the region of 4.2 million.
SSG Holding extendend to 28 June, Friday, the deadline for tendering to its 28 euros per share delisting offer on Milan-listed Saes Getters, a producer of special materials (see here a previous post by BeBeez). The payment will take place on 5 July, Friday. Massimo Della Porta is the chairman of Saes Getters. The buyers will invest up to 308.5 million euros and will receive the financing support of Mediobanca.
Gruppo Siti B&T, an italian producer of industrial machinery for the ceramics industry that belongs to the Tarozzi Family, sold a minority to One Equity Partners (OEP) (see here a previous post by BeBeez). SCOA, MC Square Capital and Ortoli Rosenstadt assisted the vendors. Davis Polk LLP and Pedersoli Gattai advised OEP. Siti B&T has sales of 210 million euros.
Gruppo Intergea, an Italian car dealer, acquired Italian competitor AutoGhinzani Bergamo from the Ghinzani Family (see here a previous post by BeBeez). The target has sales of 56.5 million euros, an ebitda of 1.5 million and a net financial debt of 5.8 million. Intergea belongs to the Di Tanno Family and has sales of above one billion.
